SOFT4Lessee
by SOFT4 (Softera Baltic, UAB) · Lease Accounting
Lease accounting software for IFRS 16, ASC 842 and AASB 16, built on Business Central.
- Works with
- Microsoft Dynamics 365 Business Central, Other ERPs (e.g. SAP, Oracle)
- Deployment
- Cloud
- Company size
- Small business, Mid-market
- Pricing
- Subscription
- Headquarters
- Kaunas, Lithuania
Overview
SOFT4Lessee is a lease accounting solution built natively on Microsoft Dynamics 365 Business Central, developed by SOFT4 (Softera Baltic, UAB), a Lithuania-based Microsoft ISV. It automates lease accounting, calculations and disclosures under IFRS 16, ASC 842 and AASB 16, targeting companies that need to move lease accounting off spreadsheets and into a governed, auditable system.
The product stores all lease agreements in one database, organised by status (new/under consideration, active, archived/expired/terminated), and lets users upload lease agreements, asset data and payment schedules, then handles subsequent modifications and remeasurements, including variable payments tied to indices or reference rates (e.g. CPI, LIBOR/EURIBOR-style benchmarks). It automatically classifies leases as finance or operating under IFRS 16/ASC 842 and produces Big 4-aligned disclosure reports.
Because it runs inside Business Central, SOFT4Lessee can post lease journal entries directly to the Business Central general ledger as a native module. It can also run as a standalone lease calculation engine and export G/L journal entries for import into other ERP systems. SOFT4 also sells related Business Central-based products (SOFT4RealEstate, SOFT4Leasing, SOFT4Factoring), and lists SOFT4Lessee on Microsoft AppSource/Marketplace.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Lease Data Management
Central repository for lease agreements and supporting data.
- Centralised lease agreement database organised by status (new, active, archived)
- Bulk upload of lease agreements, asset data and payment schedules
- Handling of lessor-issued revised payment schedules
- Data import/export via Excel and other formats
IFRS 16 / ASC 842 / AASB 16 Compliance
Automated classification, calculation and disclosure under major lease accounting standards.
- Automated finance vs. operating lease classification
- Right-of-use asset and lease liability calculation
- Automated IFRS 16, ASC 842 and AASB 16 disclosures
- Big 4-aligned, ready-made reporting templates
Lease Modifications & Remeasurement
Handling of lease changes over the contract lifecycle.
- Automated lease modification and remeasurement processing
- Variable lease payment repricing (index- or reference-rate-linked)
- Lease term and payment schedule amendments
Sub-leases & Lease-in/Lease-out
Support for more complex leasing arrangements.
- Sub-lease accounting
- Lease-in/lease-out scenario management
ERP & GL Integration
Native posting inside Business Central, with export options for other ERPs.
- Native module inside Microsoft Dynamics 365 Business Central
- Direct posting of lease journal entries to the Business Central G/L
- Standalone use with G/L journal export for import into other ERPs
- Listed on Microsoft AppSource / Microsoft Marketplace
Common use cases
- Migrating lease accounting off spreadsheets into a single governed lease database inside Business Central
- Automating IFRS 16 or ASC 842 transition and ongoing compliance for a mid-market company
- Classifying and reporting on a large portfolio of real estate, equipment and vehicle leases
- Handling lease modifications and CPI/index-linked variable payment repricing without manual recalculation
- Managing sub-lease and lease-in/lease-out arrangements alongside primary leases
- Producing Big 4-aligned disclosure reports for auditors and financial statements
- Running lease accounting as a standalone engine and exporting journal entries into a non-Microsoft ERP
Strengths & considerations
Strengths
- Built natively on Microsoft Dynamics 365 Business Central, so lease journal entries post directly into the Business Central G/L rather than through a middleware layer
- Covers three standards (IFRS 16, ASC 842, AASB 16) from a single product
- Vendor (SOFT4) also offers adjacent Business Central-based products (real estate management, leasing/asset finance, factoring), giving a common platform for finance-heavy add-on needs
- Can run standalone with G/L export, so it is not strictly locked to Business Central customers
ERP integrations
Runs inside Business Central and posts lease journal entries directly to its G/L
SOFT4Lessee can be used standalone as a lease calculation engine, exporting G/L journals for import into other ERP systems
Pricing
Subscription plan covers full-access Business Central users plus limited-access users, with a 30-day free trial; a one-time €500 Excel-based calculator option is also offered for companies with few leases. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- Runs within Microsoft Dynamics 365 Business Central (cloud or on-premises deployments of Business Central)
- Languages
- English
About the vendor
- Headquarters
- Kaunas, Lithuania
Alternatives to SOFT4Lessee in Lease Accounting
SOFT4Lessee — frequently asked questions
Does SOFT4Lessee integrate with Microsoft Dynamics 365 Business Central?
Yes. SOFT4Lessee is built natively on Microsoft Dynamics 365 Business Central and runs as a module inside it, posting lease journal entries directly to the Business Central general ledger. It is also listed on Microsoft AppSource.
Can SOFT4Lessee be used with an ERP other than Business Central?
Yes. It can run as a standalone lease accounting engine and export general ledger journal entries for import into other ERP systems, such as SAP or Oracle.
How much does SOFT4Lessee cost?
SOFT4Lessee is subscription-priced starting at around €120 per month, covering full-access and limited-access Business Central users, with a 30-day free trial. A one-time €500 Excel-based calculator is also available for companies with only a few leases.
Which lease accounting standards does SOFT4Lessee support?
SOFT4Lessee automates compliance with IFRS 16, ASC 842 and AASB 16, including finance/operating lease classification, remeasurements, and Big 4-aligned disclosure reporting.
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